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JBM Auto’s arm acquires stake in two companies

10 Jan 2022 Evaluate

JBM Auto’s wholly owned subsidiary -- JBM Electric Vehicles has acquired 51% equity shares each in JBM Green Energy Systems and JBM EV Industries. After the aforesaid acquisition, JBM Green Energy Systems and JBM EV Industries have become indirect subsidiary companies of the Company. Both the companies acquired by JBM Electric Vehicles for its business purpose.

JBM Auto is the flagship company of JBM Group.

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